Lubrizol to Close Chagrin Falls Coating Facility (10/29/09)

The Lubrizol Corp. has announced its decision to close its Chagrin Falls, OH,
overprint coatings manufacturing facility. The decision to end production of
Algan®
overprint coatings and varnishes was made after a thorough business analysis
and is part of a previously announced restructuring of the company’s
Performance Coatings product line.

Overprint coatings consist of custom products for the
commercial printing, packaging and specialty printing sectors of the North
American graphic arts industry. This action will not affect Lubrizol’s polymer,
waxes-surface modifiers and hyper-dispersant product offerings. The company
remains committed to providing innovating solutions to the graphic arts
industry.

In April 2008, Lubrizol Performance Coatings refined its business
model to focus on fewer higher-growth market end uses where it believes it can
deliver the most value to customers. Actions taken at that time included the
disposition of a manufacturing facility in Lawrence, MA,
and a restructuring of its sales, marketing, and research and development
organization. In June 2008, Performance Coatings announced it would close an
acrylic emulsions production line at its Avon Lake,
OH, facility by the end of fourth quarter 2008
and discontinue merchant sales of styrene butadiene (SB) latex from its Gastonia, NC,
plant by the end of Aug. 2008.

Located in Bainbridge
Township, OH, the overprint
coatings manufacturing facility will cease production as of Jan. 31, 2010. The
35 employees impacted by the closing will receive severance packages and
outplacement assistance. Some employees may be relocated to other Lubrizol
sites.

Products

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